Nevada sports book betting up nearly 15 percent

The amount wagered at Nevada sports books has risen by nearly 15 percent compared with 2014, according to a new analysis by the American Gaming Association.

Since the two biggest daily fantasy sports companies were founded - FanDuel in 2009 and DraftKings in 2012 - the amount of money wagered at Nevada sports books has increased every year. 

“Sports betting demand has never been greater,” said Geoff Freeman, AGA president and CEO. “Fantasy sports may be serving as a catalyst for sports betting growth and helping the casino industry to attract new customers. As the daily fantasy sports community establishes greater consumer protections, we’re optimistic that our industries can achieve symbiotic growth.”

Coinciding with legal sports betting growth in Nevada is exponential growth of illegal sports betting nationwide.

The AGA estimates that Americans will spend $138.9 billion on illegal sports betting this year alone.  

Under growing political, public and consumer scrutiny of DFS operators following allegations of data conflicts, the FBI and US attorney’s office in Boston are investigating possible violations of federal gambling laws, while several members of Congress are calling for hearings.

Latest Intelligence

Latest issue

PATA CEO sees slow recovery, but optimism for future

AGB Podcasts